On March 1, the Philadelphia Business Journal released its annual Biggest Deals Supplement sponsored by ACG Philadelphia and quoted several of our members! In addition to listing the Biggest M&A deals it also includes a list of regional Private Equity Firms ranked by capital under management. Click Here to read the full supplement.
Tuesday, May 21, 2013
Tuesday, May 21, 2013 Dealmakers Workshop Why You Should Be Buying Distressed Companies Hilton City Avenue, Philadelphia Thursday, May 30, 2013 Women in DealMaking: La Cucina at the Market Reading Terminal Market, Philadelphia (invite only) To request information: email smcalaine@acg.org Thursday, June 6, 2013 ACG Member Networking & Wine Tasting The Merion Cricket Club, Haverford Monday-Tuesday, June 10-11, 2013 ACG Maryland Deal Forum Pier 5 Hotel, Baltimore Monday, June 24, 2013 Annual Member Guest Golf Outing St. Davids Golf Club, Wayne
The latest deal news from around the region Q1 Mixed Start - M&A Slows, Capital Markets Surge - commentary by James McNaughton, Janney Capital Markets & ACG Marketing Committee Member
Coming off a frenzied pace in the second half of 2012 with dealmakers pushing hard to close transactions before new tax law changes became effective, it is no surprise to see a slight decline in overall deal activity in the first quarter ended March 31, 2013 (Q1-2013). Total transaction volume of 338 deals in Q1-2013 decreased 4% from 353 deals in Q4-2012, representing the third consecutive year where Q1 volume decreased on a quarter-over-quarter basis. However, on a year-over-year basis, Q1-2013 transaction volume increased significantly by 32% from 256 transactions in Q1-2012. While the pieces are in place for deal volume growth in 2013, the year–over-year comparisons will become more difficult to exceed as the year goes on.
Q1 transaction value of $44.8 billion was the highest level seen in the last 18 quarters and only 19% off the Q2 2008 peak of $55.3 billion. Q1 transaction value increased by 41% over $31.8 billion in Q4-2012 and by 129% on a year-over-year basis compared to $19.6 billion in Q1-2012. With the number of transactions decreasing slightly and the dollar value increasing significantly, average transaction size also increased in Q1 compared to Q4-2012.
The following graphic depicts quarterly aggregate dollar transaction volume and clearly shows Q1-2013 establishing a new quarter high as compared to any period shown (dollars in millions).
Q2 Submission Deadline: ACG Philadelphia Members can submit Q2 2013 closed deals anytime during the quarter OR no later than Friday, July 12th. Members Click Here for the Q2 DealWire Survey.
For a listing of all historical featured deals please go to the LIBRARY tab. Showcasing ACG Member Deals
Featured Deal: Eureka Growth Capital Acquires Thomson Reuters' West Academic Publishing
Interview with: Christopher Hanssens, Managing Partner of Eureka Growth Capital, about the firm’s acquisition of West Academic Publishing, the former Law School Publishing business unit of Thomson Reuters.
ACG: Please describe West Academic Publishing's business. West Academic Publishing, headquartered in Eagan, MN, provides legal casebooks, textbooks, study guides and other course-related materials in both print and digital media formats for law school faculty and students in the United States. West Academic Publishing has been the leading legal education publisher since its launch of the American Casebook Series in 1908. Today, the Company provides its products under the West Academic, Foundation Press and Gilbert imprints.
ACG: Please give us a little background on the transaction and reasons for the divestiture from Thomson Reuters? Click Here to Continue Reading the Interview